A Deeper Look into Dogecoin and the Future of FinanceWhen I first heard of Dogecoin, my reaction was to reject it as a joke. I was annoyed at the concept. I felt what I was supporting true innovation with Bitcoin as well as Ethereum. When I look for other crypto projects to invest in, I note that there is risk involved and that I had better put any funds behind a strong development team with a real-world product. As a relatively experienced investor, I, of course, wouldn’t touch a joke with a 10-foot pole. Well, is that all there is to Dogecoin, or is there something real behind the hype?Price of DogecoinThe hype is real. If you are reading this, you already have some idea, but here’s a breakdown:Jan 4, 2014: $0.000367 Jan 2, 2015: $0.000186Jan 2, 2016: $0.00015Jan 7,2017: $0.00022Jan 6, 2018: $0.015 (Bitcoin/Altcoin bull run)Jan 3, 2019: $0.0023Jan 4, 2020: $0.0023Jan 1, 2021: $0.004Feb 1, 2021: $0.04Mar 1, 2021: $0.05Apr 1, 2021: $0.054May 1, 2021: $0.36May 8, 2021 1 AM: $0.73May 8, 2021 6:30 PM: $0.64FOMO (fear of missing out) is a great driver of prices, and if it’s something you’re invested into and a believer of, it’s great to see it catching on with others. But it can also be dangerous; this article is not a recommendation to stop reading now and buy Dogecoin.For an article an about how to overcome the emotions of trading, check out this read.What is Dogecoin?The original “Doge” inner monologue image. Courtesy of WikipediaDogecoin is a cryptocurrency created by software engineers Billy Markus from IBM and Jackson Palmer from Adobe. They decided they wanted to create a peer-to-peer payment system that could reach a broader demographic than Bitcoin. It’s code was based on an existing cryptocurrency — Litecoin. Litecoin itself was based…